The deal is closed
President Claudia Sheinbaum dropped the bomb this morning: Mexico will sell one million barrels of oil to Japan. The request came directly to Pemex, and everything was sealed in a call with the Japanese Prime Minister, Sanae Takaichi.
Details of the agreement
In his morning conference, Sheinbaum explained that the country today produces about 1.8 million barrels per day. From there, 1.4 million go to national refineries. What is left over—between 400,000 and 500,000 barrels a day—is what is exported. Shipping will be scheduled, not suddenly.
“The priority is the internal market,” stressed the president.
What does this mean?
It is pure political-economic theater: Mexico strengthens its energy ties with Japan, a key partner for Mexican crude oil. But be careful, it is not that we are giving away the oil — it is using the surplus to fulfill international commitments without neglecting the home.
My father always said: “Politics is like cooking: if you don’t measure the ingredients, everything will burn.” Here they measured well: first supply Mexico, then sell what is left over.




